Rehabbing a home can be an incredibly rewarding project, whether you’re flipping for profit or creating your dream space. However, it’s not without its challenges. From budgeting and design choices to managing contractors, every step requires careful planning and execution.
Over the past few years, Florida has experienced a noticeable surge in demand for "fixer-upper" homes — properties that need renovation or repair before reaching their full potential. Whether driven by affordability, personalization, or investment opportunity, more homebuyers and investors are embracing this hands-on approach to real estate.
Hard money loans have become an increasingly popular financing option for real estate investors and developers who need quick, flexible funding. Unlike traditional bank loans that rely heavily on credit scores and income verification, hard money loans are asset-based—meaning they’re primarily secured by the property itself. But not every property qualifies. So, what types of real estate are typically eligible?
When borrowers seek financing, two primary sources often come into play: traditional bank loans and hard money loans. While both can serve valuable purposes depending on the borrower’s situation, one of the most distinct differences between them lies in the interest rate.
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